Bitcoin, Ethereum Drop, Dogecoin Flat: Analyst Sees ''Peak Crypto Pessimism'' Setting In Ahead Of ''Fed''s Fireworks'' Major coins dropped lower on Tuesday evening as the global cryptocurrency market cap fell 2.5% to $921.9 billion at 8:18 p.m. EDT. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC ) -3.15% -6.3% $18,935.15 Ethereum (CRYPTO: ETH ) -3.5% -15.7% $1,328.70 Dogecoin (CRYPTO: DOGE ) 0.2% -2% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change ( |-) Price XRP (XRP) 6.35% $0.41 Helium (HNT) 5.5% $4.89 Stellar (XLM) 5% ​​$0.12 See Also: Best USDC Interest Rates Why It Matters: Bitcoin and Ethereum traded lower ahead of the Federal Open Market Committee (FOMC) meeting due on Wednesday. On Tuesday, the SP 500 and Nasdaq closed 1.1% and 0.95% lower, respectively, while at the time of writing, U.S. stock futures were marginally higher. The probability of a 75-basis point rate hike was at 82%, according to the CME FedWatch Tool — a signal that investors can expect a hawkish move from the U.S. central bank at the conclusion of the FOMC meeting.